Daily Archives: December 31, 2015

Buying into Showtime’s new Wall Street drama, ‘Billions’

Between takes on the set of “Billions,” Damian Lewis is standing amid a sea of Bloomberg computer terminals singing Hall & Oates to no one in particular. “Because your kiss, your kiss, is on my list,” croons the actor, clad in jeans, Pumas and a gray buttondown.

But don’t let the breezy vibe fool you: In the drama, Lewis plays a cutthroat hedge fund manager and self-made billionaire named Bobby “Axe” Axelrod whose extraordinary track record arouses the suspicions of a combative U.S. attorney, Chuck Rhoades, played by Paul Giamatti. Rhoades’ righteous zeal is tempered somewhat by a giant conflict of interest at home: His wife, Wendy (Maggie Siff), just so happens to be the in-house shrink and performance coach at Axelrod’s firm, Axe Capital.

The series, premiering Jan. 17 on Showtime and co-created by New York Times financial columnist Andrew Ross Sorkin, arrives more than seven years after the financial crisis, at a time when anger at Wall Street remains a potent force in American culture, fueling campaigns for the White House (Sen. Bernie Sanders of Vermont) and Academy Awards (“The Big Short”).

Though it is set in a post-crash universe, “Billions” suggests that greed, ego and corruption are still alive and well in the financial industry. “Part of the goal of this show is to help spur conversation and debate around some of these larger issues of inequality,” Sorkin said, “around the 1% and the 99%.”

Read on.

Judge halts evictions of 3 families in foreclosure case

Three families facing evictions following tax foreclosures won a reprieve Wednesday when a federal judge issued a temporary restraining order halting the action for 14 days.

The order from U.S. District Judge Judith Levy comes amid a controversy involving several Wayne County suburbs that acquired tax-foreclosed properties from the county before its annual fall auction and resold them to developers.

Eighteen affected families filed suit Monday. Levy said the case raises “federal constitutional issues, violations of due process and equal protection,” but she only has jurisdiction in three cases whose owners hadn’t yet had eviction cases filed against them in local courts.

Another hearing is set Jan. 13.

Read on.

Is Nationstar about to completely rebrand itself?

It’s been a tough year for Nationstar Mortgage.

The company’s financial performance has left investors wanting, the company has seen several of its senior executives leave, and the company’s signature move of 2015, the transformation of Solutionstar, one of Nationstar’s wholly owned subsidiaries, into Xome, which boasted that it was “the world’s first integrated, end-to-end digital platform for real estate, with the promise of connecting every major touch point in the transaction process, from finding a home to closing the deal,” has underwhelmed.

But does the company have big plans to turn its fortunes? It certainly looks that way.

Buried deep on Nationstar’s website in a most unlikely place is a look at what the company could be planning for 2016. And it’s big…as in reshaping the company’s entire public image big.

The look into Nationstar’s plans is actually found on a job posting on the company’s job board. The job? Content writer. And the posting provides a glimpse into Nationstar’s future.

Read on.